Why Private Market Investing Needs Better Research with Daniel Erb

A real estate fund sponsor had gone quiet for two years, leaving an advisor with very little information to explain what happened to a client. Daniel Erb shares how his team used limited reports and public records to rebuild part of the story.

Expanded Description

Daniel Erb started in traditional investment banking before moving into real estate investing, fund raising, underwriting, and market research. That experience eventually brought him to the allocator side of the table, where his work now focuses on family offices, independent registered investment advisors, and wealth management groups.

Daniel explains why private market investing can be difficult to evaluate. Private funds do not all look the same, and the information around them can be much less transparent than information in public markets.

His work includes underwriting support, comparisons between funds, and monitoring previous investments. That can mean looking at how a fund is performing against its original target, other private funds, similar REIT indexes, or the S&P 500. It can also mean asking whether strong past results came from the sponsor or simply from being in the right market at the right time.

Key Topics and Takeaways

• Daniel’s move from investment banking into real estate and fund raising
• Why Daniel says private funds are like snowflakes
• The gap between growth in private funds and investment in research
• How existing private market investments can be monitored
• Comparing results with original targets and other investment choices
• The case of a sponsor that stopped communicating for two years

Guest Information

Daniel Erb works with family offices and independent registered investment advisors that have significant exposure to alternative investments.

He also works with advisors leaving larger firms who want private market support without building a complete alternatives desk inside their new firm.

Website: EMCAPLLC.co

LinkedIn: Search for Daniel Erb. Daniel said his LinkedIn domain includes Daniel Patrick Erb.

Daniel also discussed EM Capital and an AI research agent that covers commercial real estate asset classes. The transcript gives two different spellings for the agent’s name.

Call to Action

If you run a family office or registered investment advisor with significant alternative investments, Daniel welcomes a conversation to compare notes and discuss his firm’s monitoring work.

If you are building an alternative investment capability and want to compare the cost of building it internally with working with EM Capital, Daniel also invites that conversation.

Visit EMCAPLLC.co or find Daniel Erb on LinkedIn.